South Africa Unlikely To Follow U.S. In Bitcoin Accumulation, Says Central Bank Governor

According to Odaily, South African Reserve Bank Governor Lesetja Kganyago has stated that South Africa is unlikely to follow the United States in accumulating Bitcoin. He questioned the merits of such a decision, emphasizing that South Africa's focus is on central bank digital currencies (CBDCs) and the practical applications of blockchain technology, rather than using Bitcoin as a store of value.